Financials Hindustan Petroleum Corporation Limited

Stocks

HINDPETRO

INE094A01015

Oil & Gas Refining and Marketing

Market Closed - NSE India S.E. Other stock markets 07:05:08 2026-06-15 am EDT			5-day change	1st Jan Change
401.65 ^INR	+3.28%		+4.31%	-19.52%

Jun. 11	India curbs bulk fuel buying at retail pumps, caps diesel sales	RE
Jun. 11	Indian refiners bolster crude, LPG supplies despite Iran conflict	RE

Projected Income Statement: Hindustan Petroleum Corporation Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	2,329,968	3,496,829	4,661,924	4,335,249	4,337,281	4,414,484	5,019,532	4,929,038
Change	-	50.08%	33.32%	-7.01%	0.05%	1.78%	13.71%	-1.8%
EBITDA ¹	159,254	101,759	-75,222	248,390	166,060	304,906	17,863	222,680
Change	-	-36.1%	-173.92%	430.21%	-33.15%	83.61%	-94.14%	1,146.63%
EBIT ¹	123,728	79,213	-118,522	192,866	105,159	233,658	-41,634	139,132
Change	-	-35.98%	-249.62%	262.73%	-45.48%	122.19%	-117.82%	434.18%
Interest Paid ¹	-9,147	-9,727	-21,741	-25,157	-33,109	-31,495	-32,755	-35,123
Earnings before Tax (EBT) ¹	142,468	82,037	-119,149	191,531	96,215	229,073	-79,098	131,223
Change	-	-42.42%	-245.24%	260.75%	-49.77%	138.08%	-134.53%	265.9%
Net income ¹	106,639	63,826	-89,740	146,938	73,649	171,752	-53,097	100,857
Change	-	-40.15%	-240.6%	263.74%	-49.88%	133.21%	-130.91%	289.95%
Announcement Date	5/20/21	5/19/22	5/12/23	5/9/24	5/6/25	5/13/26	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	461,076	515,111	683,594	748,434	775,855	876,004	962,602	975,727	1,144,547	1,084,173	1,096,032	1,144,447	1,190,437	1,026,184	1,113,063	1,145,569	1,138,044	999,259	1,105,054	1,094,924	1,107,674	1,046,366	1,108,013	1,266,081	1,126,500	1,042,000	1,170,000	1,124,000
Change	-	11.72%	32.71%	9.49%	3.66%	12.91%	9.89%	1.36%	17.3%	-5.27%	1.09%	4.42%	4.02%	-13.8%	8.47%	2.92%	-0.66%	-12.2%	10.59%	-0.92%	1.16%	-5.53%	5.89%	14.27%	-11.02%	-7.5%	12.28%	-3.93%
EBITDA ¹	43,536	36,039	33,015	46,664	31,930	30,136	18,707	20,986	-124,946	-14,979	16,716	47,986	96,548	82,169	21,636	48,038	21,076	27,244	59,702	58,038	76,018	58,063	74,931	44,395	-174,500	38,000	53,000	50,000
Change	-	-17.22%	-8.39%	41.34%	-31.58%	-5.62%	-37.92%	12.18%	-695.37%	88.01%	211.6%	187.05%	101.2%	-14.89%	-73.67%	122.03%	-56.13%	29.26%	119.14%	-2.79%	30.98%	-23.62%	29.05%	-40.75%	-493.07%	121.78%	39.47%	-5.66%
EBIT ¹	34,875	27,356	24,205	37,292	22,790	20,663	8,460	22,670	-135,890	-25,788	5,612	37,544	82,911	69,774	8,258	31,924	6,320	12,028	44,605	42,206	60,526	38,526	58,877	11,070	-87,000	18,000	33,000	32,000
Change	-	-21.56%	-11.52%	54.07%	-38.89%	-9.33%	-59.06%	167.96%	-699.42%	81.02%	121.76%	568.99%	120.84%	-15.84%	-88.17%	286.61%	-80.2%	90.33%	270.83%	-5.38%	43.41%	-36.35%	52.82%	-81.2%	-885.9%	120.69%	83.33%	-3.03%
Charge d'intérêts ¹	-	-2,604	-1,274	-2,053	-2,542	-1,545	-2,358	-3,283	-3,327	-5,950	-6,935	-5,371	-5,881	-5,795	-6,141	-7,340	-7,307	-9,424	-9,291	-7,087	-7,493	-8,562	-7,343	-7,641	-6,000	-6,000	-6,000	-6,000
Earnings before Tax (EBT) ¹	37,284	32,920	31,579	40,685	23,968	23,612	11,607	22,850	-135,820	-28,932	1,684	43,918	83,306	67,424	7,680	33,121	4,712	8,354	40,104	43,044	58,259	40,097	57,864	13,144	-88,000	18,000	32,000	31,000
Change	-	-11.7%	-4.07%	28.84%	-41.09%	-1.49%	-50.85%	96.87%	-694.41%	78.7%	105.82%	2,507.36%	89.68%	-19.07%	-88.61%	331.23%	-85.77%	77.31%	380.04%	7.33%	35.35%	-31.17%	44.31%	-77.28%	-769.49%	120.45%	77.78%	-3.12%
Net income ¹	28,138	24,774	23,546	30,180	17,950	19,235	8,689	17,953	-101,969	-21,721	1,724	32,226	62,039	51,182	5,290	28,428	3,558	6,312	30,229	33,550	43,709	28,769	43,319	27,009	-66,000	13,000	24,000	24,000
Change	-	-11.95%	-4.96%	28.17%	-40.52%	7.16%	-54.83%	106.62%	-667.99%	78.7%	107.94%	1,768.94%	92.51%	-17.5%	-89.66%	437.36%	-87.48%	77.4%	378.93%	10.99%	30.28%	-34.18%	50.57%	-37.65%	-344.36%	119.7%	84.62%	0%
Announcement Date	8/6/20	11/4/20	2/4/21	5/20/21	8/4/21	11/2/21	1/31/22	5/19/22	8/6/22	11/3/22	2/9/23	5/12/23	8/2/23	11/6/23	1/25/24	5/9/24	7/29/24	10/25/24	1/23/25	5/6/25	8/7/25	-	-	-	-	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2022 S1
Net sales	-
Change	-
EBITDA ¹	62,065
Change	-
EBIT	-
Change	-
Charge d'intérêts	-
Earnings before Tax (EBT)	-
Change	-
Net income	-
Change	-
Announcement Date	11/2/21

¹INR in Million

Estimates

Forecast Balance Sheet: Hindustan Petroleum Corporation Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	362,343	410,881	622,976	585,845	640,285	443,897	673,758	635,423
Change	-	13.4%	51.62%	-5.96%	9.29%	-30.67%	25.89%	-5.69%
Announcement Date	5/20/21	5/19/22	5/12/23	5/9/24	5/6/25	5/13/26	-	-

¹INR in Million

Estimates

Cash Flow Forecast: Hindustan Petroleum Corporation Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	112,353	110,811	89,900	97,167	88,539	79,515	125,425	131,251
Change	-	-1.37%	-18.87%	8.08%	-8.88%	-10.19%	-3.18%	4.64%
Free Cash Flow (FCF) ¹	64,869	48,086	-123,495	142,033	54,218	281,558	-179,516	80,412
Change	-	-25.87%	-356.82%	215.01%	-61.83%	419.31%	-281.66%	144.79%
Announcement Date	5/20/21	5/19/22	5/12/23	5/9/24	5/6/25	5/13/26	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: Hindustan Petroleum Corporation Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	6.84%	2.91%	-1.61%	5.73%	3.83%	6.91%	0.36%	4.52%
EBIT Margin (%)	5.31%	2.27%	-2.54%	4.45%	2.42%	5.29%	-0.83%	2.82%
EBT Margin (%)	6.11%	2.35%	-2.56%	4.42%	2.22%	5.19%	-1.58%	2.66%
Net margin (%)	4.58%	1.83%	-1.92%	3.39%	1.7%	3.89%	-1.06%	2.05%
FCF margin (%)	2.78%	1.38%	-2.65%	3.28%	1.25%	6.38%	-3.58%	1.63%
FCF / Net Income (%)	60.83%	75.34%	137.61%	96.66%	73.62%	163.93%	338.09%	79.73%
Profitability
ROA	8.7%	4.54%	-5.89%	8.94%	4.09%	9.04%	-3.85%	5.02%
ROE	32.74%	17.05%	-27.03%	42.75%	16.93%	32.47%	-7.76%	17.14%
Financial Health
Leverage (Debt/EBITDA)	2.28x	4.04x	-8.28x	2.36x	3.86x	1.46x	37.72x	2.85x
Debt / Free cash flow	5.59x	8.54x	-5.04x	4.12x	11.81x	1.58x	-3.75x	7.9x
Capital Intensity
CAPEX / Current Assets (%)	4.82%	3.17%	1.93%	2.24%	2.04%	1.8%	2.5%	2.66%
CAPEX / EBITDA (%)	70.55%	108.9%	-119.51%	39.12%	53.32%	26.08%	702.17%	58.94%
CAPEX / FCF (%)	173.2%	230.44%	-72.8%	68.41%	163.3%	28.24%	-69.87%	163.22%
Items per share
Cash flow per share ¹	78.19	74.59	-15.79	112.4	67.09	169.7	38.5	106.8
Change	-	-4.6%	-121.17%	812.04%	-40.32%	152.95%	-75.85%	177.53%
Dividend per Share ¹	15.17	9.333	9.333	21	10.5	19.25	9.215	14.62
Change	-	-38.46%	0%	125%	-50%	83.33%	-62.53%	58.69%
Book Value Per Share ¹	166.1	181.8	130.2	192.8	216	281.3	262.3	298.4
Change	-	9.41%	-28.35%	48.05%	12.01%	30.23%	-1.43%	13.77%
EPS ¹	47.05	29.96	-42.17	69.05	34.61	80.72	-23.41	45.51
Change	-	-36.32%	-240.77%	263.74%	-49.88%	133.23%	-132.48%	294.42%
Nbr of stocks (in thousands)	2,177,861	1,969,740	2,127,823	2,127,823	2,127,823	2,127,823	2,127,823	2,127,823
Announcement Date	5/20/21	5/19/22	5/12/23	5/9/24	5/6/25	5/13/26	-	-